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S.I. No. 473/2000 -- Insurance Act, 1989 (Reinsurance) (Form of Notice) Regulations, 2000.

S.I. No. 473/2000 -- Insurance Act, 1989 (Reinsurance) (Form of Notice) Regulations, 2000. 2000 473

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STATUTORY INSTRUMENTS.

S.I. No. 473 of 2000.

INSURANCE ACT, 1989 (REINSURANCE) (FORM OF NOTICE) REGULATIONS, 2000.

S.I. No. 473 of 2000.

INSURANCE ACT, 1989 (REINSURANCE) (FORM OF NOTICE) REGULATIONS, 2000.

I, NOEL TREACY, Minister of State at the Department of Enterprise, Trade and Employment, in exercise of the powers conferred on me by sections 5 and 22(1) (inserted by section 5 of the Insurance Act, 2000 ( the Insurance Act, 1989 (No. 3 of 1989) (as adapted by the Enterprise and Employment (Alteration of Name of Department and Title of Minister) Order, 1997 ( S.I. No. 305 of 1997 )), and the Enterprise, Trade and Employment (Delegation of Ministerial Functions) Order, 1998 ( S.I. No. 265 of 1998 ), hereby make the following regulations:

1. (1) These Regulations may be cited as the Insurance Act, 1989 (Reinsurance) (Form of Notice) Regulations, 2000.

(2) These Regulations shall come into operation on 1 January 2001.

2. In these Regulations “general manager” includes chief executive and chief operating officer.

3. The form set out in the Schedule to these Regulations is prescribed as the form of notice to be made by a person to whom section 22(1) (b) (inserted by section 5 of the Insurance Act, 2000 ( the Insurance Act, 1989 (No. 3 of 1989) , refers.

SCHEDULE

FORM OF NOTICE BY A REINSURANCE COMPANY

PURSUANT TO SECTION 22(1)(b) (INSERTED BY SECTION 5 OF THE INSURANCE ACT, 2000 ) OF THE INSURANCE ACT, 1989

_________________________ ¹ hereby gives notice to the Minister for Enterprise, Trade and Employment pursuant to section 22(1)(b) (inserted by section 5 of the Insurance Act, 2000 ) of the Insurance Act, 1989 , and the details and particulars furnished in each part of this form are certified as being correct.

PART ONE:

COMPANY DETAILS

NOTE: All references to ‘insurance’ should be read as including reinsurance

I.	Name of Company: ............................................................ ............................................................ .....................
	............................................................ ............................................................ ....................................................

II.	Address of registered office and place of business: ............................................................ ....................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

III.	Main objects for which the company is established: ............................................................ ..................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

IV.	Details of Share Capital: ............................................................ ............................................................ ..............
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	Details of Subscribed Share Capital: ............................................................ ........................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	Details of Paid-up Capital: ............................................................ ............................................................ ...........
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

V.	Name of Parent company and details of group structure: ............................................................ ..........................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

VI.	Shareholders
	A. Name and address of each Shareholder holding more than 10% of the subscribed capital: ..............................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	B. If natural person, list other interests (shareholding, director, management) in insurance companies: ..................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	C. If legal person, name of parent company and any other subsidiaries: ............................................................ ...
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

VII.	Directors
	A. Name and address of each Director: ............................................................ .................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	NOTE: Part Two of this form is to be completed by EACH Director

VIII.	General Manager
	A. Name and address of General Manager: ............................................................ ...........................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	NOTE: Part Three of this form is to be completed by this person

IX.	Names and Addresses of
	A. Accountants: ............................................................ ............................................................ .........................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	B. Auditors: ............................................................ ............................................................ ...............................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	C. Solicitors: ............................................................ ............................................................ .............................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

X.	Summary of risks proposed to be covered: ............................................................ ..............................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

XI.	Summary of Acceptance Policy: ............................................................ ............................................................ ..
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

XII.	Cedant Insurance Undertakings: ............................................................ ............................................................ ..
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	List Name, Address and Nationality of each Undertaking from whom it is proposed to accept reinsurance business

XIII.	Summary of Retrocession Policy: ............................................................ ............................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

XIV.	Retrocessionaries: ............................................................ ............................................................ .......................
	............................................................ ............................................................ ...................................................
	............................................................ ............................................................ ...................................................
	............................................................ ............................................................ ...................................................
	............................................................ ............................................................ ...................................................
	............................................................ ............................................................ ...................................................
	............................................................ ............................................................ ...................................................
	List Name, Address and Nationality of each Undertaking to whom it is proposed to cede risk on a retrocession basis

I certify that the information contained in this notice is correct.

Signed _____________________

Full NAME of signatory in block capitals _____________________

Position _____________________

Date _____________________

PART TWO:		PARTICULARS OF DIRECTOR OF
		REINSURANCE COMPANY

NOTE: All references to ‘insurance’ should be read as including reinsurance

PART TWO:
SECTION A	PERSONAL DETAILS

1.	FULL NAMES (including any previous name or names by which known)
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

2.	PRIVATE ADDRESS
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

3.	NATIONALITY
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

4.	DATE OF BIRTH
	............................................................ ............................................................ ....................................................

5.	PLACE OF BIRTH
	(including town or city)
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

6.	OCCUPATION
	(Present occupation and previous occupations and employment details with relevant dates)
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

7.	EXECUTIVE OR NON-EXECUTIVE
	Are you a Director of the company or proposed company, a controller, or both?
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

8.	QUALIFICATIONS AND EXPERIENCE
	List, with particular reference to any qualifications relating to, or experience of, insurance or related matters likely to assist you in your post or proposed post
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

9.	SHAREHOLDING IN COMPANY
	Percentage of the share capital of the company held by Director completing this form and percentage of the voting rights at a general meeting which that Director is or will be entitled to exercise.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

10.	OFFENCES
	Details of any charges before any Court (including a Court Martial or Service Disciplinary Court) in Ireland or elsewhere in respect of which offence the Director concerned has not been acquitted (including cases where an absolute or conditional discharge was granted or the Director concerned was placed on probation or bound over). Give particulars of decision of Court including the date and place.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

11.	CENSURE BY PROFESSIONAL BODIES
	Details of any instance where you have been publicly criticised or censured by a professional body to which you belong or formerly belonged, or where the Director concerned was a director of, or associated with, a company which was, during the period of that Director's directorship or association, convicted of an offence.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

12.	SUSPENSION FROM INSURANCE ACTIVITIES
	Give full particulars of any prohibition or suspension from practising any insurance activity in any country relating to the Director concerned.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

13.	BANKRUPTCY
	Give details of any instance where you have been adjudicated bankrupt during the last ten years.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

PART TWO:	DETAILS OF COMPANIES WITH WHICH
SECTION B	YOU ARE OR HAVE BEEN ASSOCIATED

INTEREST IN OTHER COMPANIES

1.	Give the names of any other companies in which you are entitled to exercise or control the exercise of one third or more of the voting power at a general meeting, also the names of any companies the directors of which are accustomed to act upon your directions or instructions, and the place of incorporation and registration number of each such company.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

ASSOCIATION WITH OTHER COMPANIES

2.	Details of other directorships (if any) which you hold at present and of all other directorships held during the last ten years.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
3.	Give details of any company with which you have been associated which has been suspended from insurance activity.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
4.	Give full particulars of any company with which you were associated during the last ten years which has been compulsorily wound up either whilst you were associated with it or within one year after you ceased to be associated with it.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
5.	Give details of any company with which you have been associated which has been charged before any Court (including a Court Martial or Service Disciplinary Court) in Ireland or elsewhere with an offence of which it has not been acquitted including details of charges and decision of Court.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

Signed _____________________

Date _____________________

PART
THREE:	PARTICULARS OF GENERAL MANANGER

NOTE: All references to ‘insurance’ should be read as including reinsurance

1.	FULL NAMES (including any previous name or names by which known)
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

2.	PRIVATE ADDRESS
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

3.	NATIONALITY
	(Including a statement as to whether it was acquired by birth or naturalisation)
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

4.	DATE OF BIRTH
	............................................................ ............................................................ ....................................................

5.	PLACE OF BIRTH
	(including town or city)
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

6.	OCCUPATION
	List fully previous companies by which you have been employed or with which you had principal/agent relationship and positions held (including dates and reasons for change). (If you have been self-employed, this must also be stated.)
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

7.	POSITION
	Present and any proposed position with company
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

8.	RESPONSIBILITIES
	List areas over which General Manager has responsibility, particularly underwriting.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

9.	QUALIFICATIONS
	Indicate fully experience and qualifications of General Manager, particularly those relevant to the carrying out of these responsibilities. List memberships of any professional bodies.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

10.	OFFENCES
	Give full particulars (including date and place and decision of Court) of any charges before any Court (including a Court Martial or Service Disciplinary Court) in Ireland or elsewhere with an offence where there was not an acquittal, even though you may only have been absolutely or conditionally discharged, placed on probation or bound over.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

11.	CENSURE BY PROFESSIONAL BODIES
	Give details of any instance where you have been publicly criticised or censured by a professional body to which you belong or formerly belonged.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

12.	SUSPENSION FROM INSURANCE ACTIVITIES
	Give full particulars of any prohibition or suspension from practising any insurance activity in any country which relate to you.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

13.	CURRENT INTERESTS IN INSURANCE ENTITIES
	List fully any shareholdings or other interests held by you, or on your behalf, in insurance entities.
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................
	............................................................ ............................................................ ....................................................

Signed _____________________

Date _____________________

	GIVEN under my hand, this 29th day of December, 2000.
	NOEL TREACY,
	Minister of State at the Department of Enterprise, Trade and Employment.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations prescribe the form of notice to be given to the Minister by companies wishing to carry on the business of reinsurance in the State. In accordance with section 5 of the Insurance Act, 2000 , the notice must be given by existing reinsurance companies within 60 days of the commencement of that section (1 January 2001). Reinsurance companies established after that date must give notice not less than 30 days before commencing business.

The notice requirement does not apply to authorised insurance companies.

¹ Note: Insert full name of Reinsurance Company.